Short Interest in Capital Group Global Equity ETF (NYSEARCA:CGGE) Rises By 1,364.7%

Capital Group Global Equity ETF (NYSEARCA:CGGE) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 71,944 shares, an increase of 1,364.7% from the May 31st total of 4,912 shares. Based on an average trading volume of 572,399 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On Capital Group Global Equity ETF

Institutional investors have recently added to or reduced their stakes in the stock. TD Waterhouse Canada Inc. acquired a new position in shares of Capital Group Global Equity ETF in the 4th quarter worth approximately $58,000. CIBC Private Wealth Group LLC bought a new position in shares of Capital Group Global Equity ETF during the 3rd quarter worth approximately $73,000. Western Wealth Management LLC acquired a new stake in Capital Group Global Equity ETF in the 1st quarter valued at $73,000. Comerica Bank acquired a new stake in Capital Group Global Equity ETF in the 3rd quarter valued at $82,000. Finally, Birchwood Financial Partners Inc. acquired a new stake in Capital Group Global Equity ETF in the 4th quarter valued at $87,000.

Capital Group Global Equity ETF Trading Up 0.8%

NYSEARCA CGGE traded up $0.28 on Thursday, reaching $34.56. The company’s stock had a trading volume of 1,044,972 shares, compared to its average volume of 767,452. Capital Group Global Equity ETF has a 52 week low of $28.66 and a 52 week high of $35.21. The firm has a market cap of $2.62 billion, a PE ratio of 24.18 and a beta of 0.82. The business has a 50-day moving average price of $33.80 and a 200 day moving average price of $32.58.

Capital Group Global Equity ETF Company Profile

The Capital Group Global Equity ETF (CGGE) is an exchange-traded fund that mostly invests in total market equity. The fund seeks total returns by actively managing a portfolio of companies from around the world. CGGE was launched on Jun 25, 2024 and is issued by Capital Group.